CEO Steals His Employee's Identities

Here's a pretty bizarre story - the CEO of "Compulinx" used the identities of his employees to open fraudulent credit accounts.

Chris Gonsalves of VARBusiness reports:

"Federal law enforcement officials Tuesday arrested the well-known CEO of White Plains, N.Y.-based MSP provider Compulinx on charges of stealing the identities of his employees in order to secure fraudulent loans, lines of credit and credit cards, according to an eight-count indictment unsealed by the U.S. Attorney's office in White Plains."

Link to Chris' story, here.

Apparently Terrence D. Chalk (the CEO in question) and Damon T. Chalk (CEO's #1 nephew) are now facing federal charges and a substantial amount of prison time, if convicted.

This is a "sad way" to finance a business. Fortunately, for the employees "victimized," the FBI was watching.